Shunten International (Holdings) (HKSE:00932) Long-Term Capital Lease Obligation : HK$8.4 Mil (As of Sep. 2023)

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What is Shunten International (Holdings) Long-Term Capital Lease Obligation?

Shunten International (Holdings)'s Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2023 was HK$8.4 Mil.

Shunten International (Holdings)'s quarterly Long-Term Capital Lease Obligation increased from Sep. 2022 (HK$0.0 Mil) to Mar. 2023 (HK$4.1 Mil) and increased from Mar. 2023 (HK$4.1 Mil) to Sep. 2023 (HK$8.4 Mil).

Shunten International (Holdings)'s annual Long-Term Capital Lease Obligation declined from Mar. 2021 (HK$1.5 Mil) to Mar. 2022 (HK$0.2 Mil) but then increased from Mar. 2022 (HK$0.2 Mil) to Mar. 2023 (HK$4.1 Mil).

Shunten International (Holdings) Long-Term Capital Lease Obligation Historical Data

The historical data trend for Shunten International (Holdings)'s Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Shunten International (Holdings) Long-Term Capital Lease Obligation Chart

Shunten International (Holdings) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Long-Term Capital Lease Obligation

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0.22

1.53

0.21

4.08

Shunten International (Holdings) Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															1.34	0.21	-	4.08	8.39

Shunten International (Holdings) (HKSE:00932) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Shunten International (Holdings) Long-Term Capital Lease Obligation Related Terms

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Shunten International (Holdings) (HKSE:00932) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shunten International (Holdings) Ltd (HKSE:00932) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

100 Kwai Cheong Road, Unit D, 7th Floor, KC100, Kwai Chung, New Territories, Hong Kong, HKG

Website

http://www.shunten.com.hk

Shunten International (Holdings) Ltd is an investment holding company. The company's business is sales of health and beauty supplements and products and leasing of investment property.

Shunten International (Holdings) (HKSE:00932) Headlines

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